Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Asian Handicap
- A handicap system that eliminates the draw outcome and gives a head start or deficit to each team.
- Bankroll
- The total amount of money set aside for placing bets.
- Bonus Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.
- Cashout
- A feature that lets you settle a bet before the event ends, locking in a profit or loss.
- Decimal Odds
- A way to display odds as a single number (e.g., 2.50) that includes the stake in the payout.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, win) in a single match.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, otherwise you win if your team wins.
- Expected Value
- The average amount you can expect to win or lose per bet if you repeated it many times.
- Favorite
- The team expected to win, usually with lower odds and a negative handicap.
- Fractional Odds
- Odds shown as a fraction (e.g., 3/1) that indicate the profit relative to the stake.
- Free Bet
- A no-cost bet credited to your account that you can use to place a wager, usually with certain restrictions.
- Implied Probability
- The chance of an outcome that the odds suggest, calculated by dividing 1 by the decimal odds.
- Live Betting
- Bets placed after a match has started, with odds that update as the game progresses.
- Margin
- The bookmaker’s built-in advantage, represented as a percentage, which ensures they make a profit.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all outcomes.
- Moneyline
- A bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The likelihood of an outcome expressed as numbers that determine how much you can win.
- Odds Boost
- A promotion that increases the odds on a specific selection, offering a higher potential payout.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Single Bet
- A bet placed on one single selection, as opposed to multiple selections.
- Spread
- A point spread is a handicap given to the underdog to level the betting field, expressed as a number of goals.
- Stake
- The amount of money you risk on a single bet.
- Underdog
- The team expected to lose, often with higher odds and a positive handicap.
- Vigorish
- The commission a bookmaker charges for taking a bet, usually built into the odds.